These are the CASSE blog articles on economic policy.
The American Southwest is a bit parched at the moment. The region is in the midst of its 23rd consecutive year of drought, its longest and most extensive since 800 CE. The drought is so bad that California’s two largest reservoirs—Shasta Lake and Lake Oroville—reached critically low levels in March, when they should have been at their highest.
The southwestern USA (and Mexico) is not the only place facing water shortages.
Throughout the month of June, many Americans frantically refreshed the Supreme Court’s website each morning, as immensely important cases appeared on the docket in rapid succession. It turned out to be a disorienting month. The freedom to get an abortion was stripped from 40 million people of reproductive age, gun control efforts were stymied, and the separation of church and state in public schools was weakened.
I’m sorry if you’re one of the 145 million Americans invested in the stock market, but I actually find it gratifying to see the market sliding. Why shouldn’t I? As a steady stater, I’m firmly against GDP growth in the 21st century. A perpetually growing stock market presupposes a perpetually growing economy. If the market has to decline along with GDP, I’m all for it.
With the recent leaking of the draft decision by the U.S. Supreme Court to overturn Roe v. Wade, the heated controversy over a woman’s right to abort—or voluntarily terminate—a pregnancy is again at the forefront of democratic discourse. At the heart of this debate are issues of morality and theology. Self-identified Christians make up 63 percent of the U.S. population, with Evangelical Protestants and Catholics representing an overwhelming portion of the “pro-life” camp.
Global heating has a greater impact on the Arctic than the rest of the planet. In fact, the Arctic is warming at a rate almost twice the global average. This is due to Arctic ice’s high albedo, meaning the ice reflects a tremendous amount of sunlight into the atmosphere. As the ice melts, the sea water absorbs more sunlight than it reflects. The resulting water subsequently warms and evaporates,
In 2021, China had around 30 million homes sitting vacant for extended periods. There’s enough unused housing in China to house around 80 million people, roughly the population of Germany. This isn’t “slack” in the market; there is little hope that these homes will someday find an occupant. These homes are bound to remain empty.
Indeed, most of these homes are simply held as financial assets;
The current bout of inflation should be no surprise to steady staters. We have national and global ecosystems pushed to the limits by population and economic growth. At the same time, we have monetary authorities and heads of state—neoclassically oblivious to limits—eager to stimulate the economy with loose money. It’s a recipe for inflation.
We tweeted all the way back in March 2020 that inflation was coming.
In November 2021, the European Commission approved an investment package of €290 million to support 132 new environmental projects through L’Instrument Financier pour l’Environnement, or the “LIFE” programme. LIFE is designed to help reach the environmental goals outlined in the EU Green Deal, and it’s the only EU funding programme entirely dedicated to environmental, climate, and clean energy objectives. With certain adjustments, it could be more aligned with steady-state principles.
The 21st century challenges to wildlife conservation are unprecedented. The ecological integrity of the nation and planet is unravelling before our eyes. Species and ecosystems are disappearing, if not immediately off the face of the planet, then via slow, dead-end emigrations as they respond to climate change.
It’s not as if climate change was needed to imperil fish and wildlife. Climate change is actually the fourth major crisis in the past 150 years.
The European Green Deal, the EU’s flagship environmental program, aims to profoundly transform the EU’s 27 member states into low-carbon economies. The deal was rolled out in December 2019 by Ursula von der Leyen, President of the European Commission. It’s supposed to be a roadmap toward a “fair and prosperous society” with an economy that is modern, resource-efficient, and competitive. So far, so good? Let’s take a deeper dive.